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To: Lee G. Sommer who wrote (620)10/29/1997 11:20:00 PM
From: Oeconomicus  Respond to of 164684
 
LGS, I'm not sure I understand the question. A "stop limit" order is simply a conditional order, i.e conditioned on the stock trading at the stop price in which case you then have a simple limit order. A plain old stop order then is a conditional market order. As with any limit order, there is no assurance of it ever being executed unless, of course, it's a limit buy order at the then current ask or higher or limit sell at the bid or lower (and in both cases within the size bid or offered). Any other limit price and you take your chances as to whether the market moves toward you or away.

Hope that helps (rather than confuses).

Bob